SEOUL, May 24 (Korea Bizwire) — The number of visitors to South Korea’s national parks decreased 23.1 percent year-on-year last month due to the new coronavirus outbreak, the National Park Service said Saturday. A total of 2.78 million people visited the 22 national parks across the country, down from 3.62 million during the same period [...]
SEOUL, May 22 (Korea Bizwire) — South Korea’s pharmaceutical market grew more than expected in the first quarter of the year despite the new coronavirus outbreak, a report showed Friday. Domestic sales of South Korean and foreign pharmaceutical firms came to 5.06 trillion won (US$4.1 billion) in the January-March period, up 5.3 percent from a [...]
SEOUL, May 22 (Korea Bizwire) — South Korea’s first-quarter exports of eight new-industry goods jumped despite a drop in overall exports due to the new coronavirus pandemic, data showed Friday. Overseas shipments of those products came to US$21 billion in the January-March period, up 17 percent from a year earlier, according to the data from [...]
SEJONG, May 21 (Korea Bizwire) — South Korea’s household income rose in the first quarter from a year earlier, but the income gap between the haves and have-nots widened, as the employment situation of the low-income bracket worsened amid the coronavirus pandemic, a report showed Thursday. The average household earned 5.35 million won (US$4,357) per [...]
SEOUL, May 20 (Korea Bizwire) – South Korea’s household debt grew at the slowest pace in one year in the first quarter, central bank data showed Wednesday, amid a sharp decline in spending apparently caused by the new coronavirus outbreak that is expected to hurt the whole economy. Outstanding household credit came to 1,611.3 trillion [...]
SEOUL, May 20 (Korea Bizwire) — South Korea’s output of medical equipment and related materials passed 7 trillion won (US$5.7 billion) in 2019 on solid demand for dental treatment products, data showed Wednesday. About 7.3 trillion won worth of medical equipment and materials were produced in the country last year, up 11.8 percent from a [...]
SEOUL, May 19 (Korea Bizwire) — South Korean listed companies’ profits almost halved in the first quarter of the year, data showed Tuesday, an apparent fallout from the new coronavirus outbreak. The combined net profit of 592 nonfinancial companies listed on the main bourse came to 11.03 trillion won (US$8.99 billion) in the January-March period, [...]
SEOUL, May 19 (Korea Bizwire) — The number of South Korean air travelers fell to the lowest level in more than two decades in April due to entry restrictions and lower demand amid the coronavirus pandemic, industry data showed Tuesday. The number of air passengers on domestic and international routes here plunged to 1.35 million [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s exports of cultural goods jumped nearly 10 percent on-year in 2018, led by games and character intellectual property (IP), a government survey showed Tuesday. The combined overseas sales in 11 culture and entertainment sectors reached about US$9.62 billion, up 9.1 percent from 2017, according to the annual [...]
SEOUL, May 18 (Korea Bizwire) — More residents in South Korea’s capital appeared to be concerned about the new coronavirus pandemic lasting longer here following the recent outbreak traced to nightspots in Itaewon, a poll showed Monday. A combined 53.3 percent of respondents in a recent survey projected the pandemic would end in December or [...]